{"id":93853,"date":"2025-01-29T00:00:00","date_gmt":"2025-01-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/29\/stc-lands-sar-32-6-bn-contract-for-telecom-infrastructure\/"},"modified":"2025-01-29T00:00:00","modified_gmt":"2025-01-29T00:00:00","slug":"stc-lands-sar-32-6-bn-contract-for-telecom-infrastructure","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/29\/stc-lands-sar-32-6-bn-contract-for-telecom-infrastructure\/","title":{"rendered":"STC lands SAR 32.6 bn contract for telecom infrastructure"},"content":{"rendered":"

The Saudi Telecom Company (STC) signed a SAR 32.6 bn (USD 8.7 bn) contract with an<\/strong> undisclosed public entity<\/strong> to set up, manage, and provide telecommunications infrastructure services, the company said in a disclosure<\/a> to Tadawul.<\/p>\n

What we know<\/strong>: The contract spans for 18 months for preparation and execution, followed by a 15-year operational period, according to the disclosure. STC expects to begin recognizing revenue from this project starting 4Q 2026. No further details were disclosed.<\/p>\n

Big plans for the telecoms sector: <\/strong>The PIF and STC have been working to consolidate Telecoms Towers Company (Tawal) and Golden Lattice Investment<\/a> (Glic) under a new entity<\/a> that is going to own and manage a portfolio of around 30k towers across five countries in a bid to dominate the Kingdom\u2019s telecom tower space. The new entity is projected to have annual revenues in the order of USD 1.3 bn, PIF said earlier.<\/p>\n

Market reax<\/strong>: STC\u2019s shares rose 2.2% at the end of yesterday\u2019s trading day to SAR 43.2.<\/p>\n","protected":false},"excerpt":{"rendered":"

The contract spans 16 years and six months<\/p>\n","protected":false},"author":1,"featured_media":93854,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2872],"tags":[10,2299,680],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecoms","tag-enterpriseam-ksa","tag-saudi-telecom-company-stc","tag-telecoms","wpautop","entry"],"acf":{"mongo_id":"683d4a54-23f7-4d6e-890a-cff289128ce8","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1918.jpg","photo_position":"above","homepage_title":"","full_issue_title":"STC lands SAR 32.6 bn contract for telecom infrastructure","related_issue":[93846],"teaser":"The contract spans 16 years and six months","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.ac8ba182-ea25-4443-a617-94701d5d2488.mp3"},"yoast_head":"\nSTC lands SAR 32.6 bn contract for telecom infrastructure - 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